Instructions For Form Rct-113 - Penssylvania Return (Page 2 of 2) in pdf

RCT-113-I (I)

Page 2

Current Period Overpayment Instructions

If the remittance column is less than zero on Page 1 of your completed RCT-113, an overpayment exists and you should instruct

the department how to transfer and/or refund the overpayment. Select only one option in the “Overpayment Instructions” area of Page

1. If no option is selected, any overpayment will automatically be credited to the next tax period.

A. Overpayment is transferred automatically to offset other underpaid taxes in the current tax period, and any remaining credit is

then applied to the next tax period for estimated tax purposes.

B. Prior to issuing a refund, the department will apply overpayment to unpaid tax in the current tax period. The department may

also offset other unpaid liabilities or commonwealth obligations for the account.

Estimated Payment Instructions

All accounts are expected to remit estimated prepayments toward the final liability a corporation estimates is due for the taxable year.

Prepayment for gross receipts tax is due March 15 of the reported year. Tax remaining due at the close of the taxable year must be

paid on March 15th of the following year.

Should a corporation realize estimated tax is underpaid, additional payments should be submitted to minimize underpayment penalty.

Underpayment is measured against 90 percent of the tax reported due for the taxable year. However, if the final total tax increases the

self-reported tax by 10 percent or more, the underpayment will be measured against 90 percent of the final total tax. The period of

underpayment is measured from the due date of the installment to the date the underpayment is paid or the date the safe harbor is

satisfied.

A corporation may avoid interest charges by timely paying estimated tax equal to the liability in the second-prior taxable year (safe

harbor). This amount must be adjusted to reflect the tax rate and law for the estimated tax year and must reflect the total liability if it

exceeds the self-reported liability by 10 percent or more. Where the second-prior year is a short period, the safe harbor is annualized.

Second year corporations may use the immediate prior year (annualized if necessary) as the base year for the safe harbor.

Mail the estimated payment coupon separately from all other forms.

Requests For Refund Or Transfer of Available Credit

Requests for refund or transfer of available credit from prior periods or from the current non reported tax period can be faxed on

company letterhead, signed by an authorized representative, to 717-705-6227.

Requests can also be submitted in writing to the following address:

PA DEPARTMENT OF REVENUE

PO BOX 280701

HARRISBURG, PA 17128-0701

Please do not duplicate requests for refund and/or transfer by submitting both RCT-113 and written correspondence.

CONTACT INFORMATION

To make electronic payments and file extensions electronically, visit e-TIDES at For additional information

and assistance with electronic payment and filing options, call 717-783-6277.

If you have general business tax questions, call 717-787-1064.

To confirm account payments, call 1-888-PATAXES.

If you have questions regarding payments or refunds, call the Accounting Division at 717-705-6225.

Requests for transfer of credit may be faxed to the Accounting Division at 717-705-6227.

If you have questions regarding tax settlements, assessments or filing requirements, call the Specialty Tax Unit at 717-783-6031.

ESTIMATED PAYMENTS AND EXTENSIONS TO FILE THE RCT-113 CAN

NOW BE FILED ONLINE AT

Instructions For Form Rct-113 - Penssylvania Return Page 2